Manish Maheshwari quits Flipkart, joins Web18 as CEO

In his new role, Maheshwari will head Network18’s digital and ecommerce assetsET Bureau | April 01, 2016, 07:41 IST

Manish Maheshwari (Picture source: LinkedIn)Manish Maheshwari, the head of seller marketplace and ecosystem at Flipkart has left the online retailer to join Web18 as its chief executive officer.

Maheshwari was instrumental in growing Flipkart’s marketplace nearly ten-fold from 10,000 sellers in February 2015 to over 1,00,000 sellers by February 2016.

The exit of Maheshwari, who joined Flipkart from American software company Intuit last year, comes after Flipkart’s commerce platform head Mukesh Bansal and chief business officer Ankit Nagori quit the firm earlier this year.

In his new role, Maheshwari will head Network18’s digital and ecommerce assets which include portals like Moneycontrol, Ibnlive, Firstpost besides television and online shopping company HomeShop18 and BookMyShow, where it holds around a 40 per cent stake.

"Manish brings with him a good mix of Silicon Valley tech product culture and an understanding of ground realities of India. Both these qualities will be crucial as we take Network18 to the next level of digital transformation," said Adil Zainulbhai, Chairman of Network18 Group.